Investing.com - Credit Agricole (OTC:CRARY) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Credit Agricole announced earnings per share of €0.6 on revenue of €6.33B. Analysts polled by Investing.com anticipated EPS of €0.3642 on revenue of €5.71B.
Credit Agricole shares are down 27% from the beginning of the year, still down 36.07% from its 52 week high of €14.27 set on February 10. They are under-performing the STOXX 600 which is down 10.15% from the start of the year.
Credit Agricole shares lost 100.00% in pre-market trade following the report.
Credit Agricole follows other major Financial sector earnings this month
Credit Agricole's report follows an earnings beat by BNP Paribas on July 29, who reported EPS of €2.51 on revenue of €12.78B, compared to forecasts EPS of €2.23 on revenue of €12.38B.
AXA had beat expectations on Wednesday with second quarter EPS of €1.65 on revenue of €55B, compared to forecast for EPS of €1.49 on revenue of €51,393M.
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